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EA deadline for Take-Two offer ends tonight

Remember kids, EA's $25.74 per share deadline offer for Take-Two ends tonight at 11:59PM EDT. Originally offering $26 per share and a purchase price of $2 billion, EA had lowered its offer when Take-Two declined to sell in April. Currently trading closer to $27 a share, Take-Two Interactive has been in EA's sights for quite some time--so does anyone think this deadline will stop them from trying again?

EA says they want Take-Two, so are they really going to give up? What else could they do? Well, EA could always lower their offer to Take-Two again, just to scare them. It's like those old sitcoms where two people haggle over money and one gets progressively lower just to scare the other guy into submission. What we're saying is that EA is basically the gaming equivalent of Balki Bartokomous.

Some analysts think this whole thing will be hammered out over the weekend, but we'll have to wait and see.

Rumor: Take-Two buyout news coming Monday

Lazard Capital Markets' Colin Sebastian issued a note on EA's financial statement last night claiming new information regarding the buyout of Take-Two Interactive would be forthcoming Monday. Sebastian, a known analyst with his ear to the "gaming industry grindstone," has been at the forefront of comments regarding a possible EA buyout since the first offer was made in April.

"Expect [an] update on TTWO bid by Monday morning," Sebastian noted. "We continue to believe that the current offer of $25.74 per share would be accretive to earnings for Electronic Arts, as well as fill several meaningful product gaps."

Last month EA extended its tender offer deadline from April 30 to May 16. The offer, if approved, would see Electronic Arts purchase Take-Two Interactive, publishers of the critical and commercial blockbuster Grand Theft Auto IV, for $2 billion. Expect the internet to burst into flames Monday if Sebastian's claim comes to fruition.

[via Videogaming247]

Family Album: Take Two Interactive

You might have heard this crazy rumor that Electronic Arts is trying to buy Take Two Interactive and if you haven't, welcome back to civilization. The merger got our family over at Joystiq to thinking, what exactly makes up the Take Two family tree? Diving deep into our library of research materials, Joystiq has examined and dissected all of the assets up for grabs in a possible Take Two buyout.

You may be surprised to see how many development teams call Take Two home. Other than obvious dev teams at Rockstar and 2K Boston, checking out this family album makes EA's acquisition anxiousness all the more understandable!

Head to Joystiq and take a gander at the Take Two family album

Rumor: EA purchases GTA community site for $3.4m [Update]

Update: Forum MODs have just confirmed for us that this was an April Fool's joke. That's strange though because we could have sworn it was still March. Thanks for wasting every body's time!

Confident they'll soon be the owners of all things Take Two Interactive, Electronic Arts has made a push to acquire, one of the largest Grand Theft Auto communities online (which is comprised of 11 different GTA based websites). According to reports, EA has acquired the site, including all domains associated and all statistical information about its members (as listed in the above email scan from EA to GTANet owners found by WhatIfGaming), for $3.4 million as of March 22.

If true, Electronic Arts would have one of the largest databases of information of any Grand Theft Auto community available. Speculation aside, we wonder how important this information is to EA if they were to acquire Take Two.

While the owners of the GTANet have not posted an official confirmation on the matter, the logo has been changed to incorporate the EA insignia adding fuel to the fire. With this supposed acquisition we wonder Take Two acquisition press release is being edited as we speak.

[Thanks, Chris]
[Read, full email scan]
[Read, GTAForums New Logo]

Rockstar is the key as EA gets hostile in takeover bid

Speaking to the BBC, EA chief executive John Riccitiello was clear that the primary interest EA has in acquiring Take Two Interactive is the company's strong roster of development teams, specifically that of Rockstar Games.

"The big headline here is that our primary interest is in Rockstar and the intellectual properties around Rockstar," Riccitiello said as the April 29 release of Grand Theft Auto IV looms in the distance. Sports gamers have long stated their frustration with the attempted acquisition because it would remove EA's only competitor in the simulation-sports market. Riccitello explained that the sports angle was a secondary thought, "sports games are secondary consideration here," he explained.

While Take Two had declined the initial offer from EA for $2 billion, the acquisition has recently gone hostile. In order to purchase the company from under Take Two executives, EA has put in a cash tender offer to purchase all outstanding shares of common stock for $26 each on last Thursday targeting shareholders. Take Two executives have since asked shareholders to hold out on the offer, which is set to expire on April 11 - a mere 18 days before the launch of the GTAIV cash-cow. With the news that EA is targeting new shareholders that are looking to unload a headache, this news looks to get more interesting by the day.

[Read, Joystiq]
[Read, Next Gen]

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